CERRADO GOLD INC.

Cerrado is building undervalued world class assets to drive significant cash flow Attractive opportunity to acquire 80% of the robust Lagoa Salgada VMS Project with a Post-tax NPV of US$147 million and a 39% IRR in current Feasibility Study. Adds substantial precious metals and critical minerals exposure (34% silver & Gold, 30% Zinc, 15% copper, 14% lead, 7% tin) Expected lowest cost quartile production with US$0.59/lb Zinc Equivalent All in sustaining cost (AISC) for the first 5 years Underexplored asset with extensive exploration potential Optimized Feasibility Study due in Q3, construction decision by year end 2025 and initial production expected in second half of 2027.» Mehr auf accessnewswire.com

Annual Gold Equivalent Ounce ("GEO") Production of 54,494 GEO; in line with Guidance of 50,000 - 60,000 GEO. Q4 Production of 10,431 GEO impacted by lower than planned ore grades from residual open pits.» Mehr auf accesswire.com

Initial US$4 Million Peso Equivalent Option Payment received which further strengthens balance sheet Remaining consideration of US$10 Million Pesos equivalent payable on exercise; within 3 years Company well-positioned to drive future growth via its existing operating Minera Don Nicolas gold mine in Argentina and its Mont Sorcier development project in Quebec Company issues loan to Ascendant Resources Inc TORONTO, ON / ACCESSWIRE / December 30, 2024 / Cerrado Gold Inc. [TSXV:CERT][OTCQX:CRDOF][FRA:BAI0] ("Cerrado" or the "Company") announces that its wholly owned subsidiary Minera Don Nicolas SA ("MDN") has received the option payment of US$4 million equivalent in Argentina pesos at the CCL Buyers rate pursuant to the previously announced option agreement with Cerro Vanguardia S.A. ("CVSA") a wholly-owned subsidiary of AngloGold Ashanti Holdings Plc.» Mehr auf accesswire.com